CNPC Shanghai forum focuses on energy security and CIIE procurement
- CNPC signed 38 procurement agreements with 35 global partners during this year’s CIIE, valued at over $18.8 billion.
- The agreements cover oil and gas resources, high-end equipment, and green and low-carbon development.
- Since the first CIIE in 2018, CNPC has signed contracts with 267 international suppliers worth more than $163.6 billion.
- Forum discussions covered energy supply-chain resilience, the low-carbon transition and AI-driven changes in oil and gas.
Forum priorities
Held in Shanghai on November 6 as a side event of the Ninth China International Import Expo (CIIE), the forum brought together more than 200 guests to discuss energy transition and supply-chain stability. CNPC Chairman Dai Houliang said energy security increasingly depends on supply-and-demand coordination and diversified supply, while the transition must balance security with decarbonisation.
Dai proposed cooperation on oil and gas supply chains, low-carbon pathways such as “oil and gas + new energy” and “oil and gas + CCUS”, energy innovation and digital technologies, and more open international cooperation. Speakers also included representatives of the Canadian Embassy to China and the International Gas Union.
Industry dialogue and agreements
CNPC executives discussed global energy trade, the low-carbon transition and AI’s impact on the oil and gas sector with industry leaders and experts from Baker Hughes, TotalEnergies, ConocoPhillips, bp, ExxonMobil and Cheniere Energy.
At the CIIE, CNPC signed 38 procurement agreements with 35 global partners, including Saudi Aramco, Petrobras and TotalEnergies. Valued at more than $18.8 billion, the agreements cover oil and gas resources, high-end equipment, and green and low-carbon development. Since the first CIIE in 2018, CNPC has signed contracts with 267 international suppliers worth over $163.6 billion.
Source: PetroChina